Keurig Dr Pepper, Inc $KDP Position Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Keurig Dr Pepper, Inc (NASDAQ:KDP) by 2.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,491,827 shares of the company’s stock after purchasing an additional 85,916 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Keurig Dr Pepper worth $105,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Keurig Dr Pepper in the 3rd quarter valued at approximately $31,664,000. ProShare Advisors LLC boosted its stake in shares of Keurig Dr Pepper by 7.1% during the 3rd quarter. ProShare Advisors LLC now owns 1,578,334 shares of the company’s stock valued at $47,887,000 after buying an additional 104,443 shares during the period. Vise Technologies Inc. boosted its stake in shares of Keurig Dr Pepper by 4.0% during the 3rd quarter. Vise Technologies Inc. now owns 14,081 shares of the company’s stock valued at $427,000 after buying an additional 542 shares during the period. Cidel Asset Management Inc. grew its stake in Keurig Dr Pepper by 9.4% in the third quarter. Cidel Asset Management Inc. now owns 13,088 shares of the company’s stock valued at $397,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at approximately $273,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

Keurig Dr Pepper Trading Up 2.7%

Shares of KDP stock opened at $36.82 on Tuesday. Keurig Dr Pepper, Inc has a 1 year low of $24.88 and a 1 year high of $36.95. The firm’s fifty day simple moving average is $32.54 and its 200 day simple moving average is $30.03. The firm has a market capitalization of $50.11 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 1.66 and a beta of 0.40. The company has a current ratio of 0.48, a quick ratio of 0.28 and a debt-to-equity ratio of 0.74.

Keurig Dr Pepper (NASDAQ:KDP) last released its earnings results on Thursday, August 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a net margin of 7.10% and a return on equity of 10.80%. The business’s quarterly revenue was up 75.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. As a group, sell-side analysts predict that Keurig Dr Pepper, Inc will post 2.30 EPS for the current year.

Keurig Dr Pepper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Monday, September 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 28th. Keurig Dr Pepper’s dividend payout ratio (DPR) is presently 92.93%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein set a $39.00 price target on shares of Keurig Dr Pepper in a report on Wednesday, July 8th. Bank of America raised their price target on Keurig Dr Pepper from $35.00 to $38.00 in a research report on Friday, July 10th. Morgan Stanley started coverage on Keurig Dr Pepper in a research report on Thursday, August 20th. They issued an “overweight” rating and a $38.00 price target on the stock. Argus reiterated a “buy” rating and issued a $36.00 price objective on shares of Keurig Dr Pepper in a research note on Tuesday, September 15th. Finally, Evercore boosted their price objective on Keurig Dr Pepper from $30.00 to $32.00 in a research report on Thursday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Keurig Dr Pepper currently has an average rating of “Moderate Buy” and an average target price of $36.12.

Insider Buying and Selling

In other news, Director Aaron E. Alt acquired 7,862 shares of Keurig Dr Pepper stock in a transaction on Tuesday, August 25th. The stock was bought at an average price of $31.83 per share, for a total transaction of $250,247.46. Following the transaction, the director owned 7,862 shares of the company’s stock, valued at $250,247.46. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mary Beth Denooyer sold 12,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $32.55, for a total value of $390,600.00. Following the sale, the insider directly owned 84,171 shares in the company, valued at $2,739,766.05. The trade was a 12.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.34% of the stock is owned by company insiders.

About Keurig Dr Pepper

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across coffee and packaged beverages. Its portfolio includes soft drinks, flavored waters, juices, juice drinks, ready-to-drink teas and coffees, sports and energy beverages, and mixers, as well as single-serve coffee brewing systems and pods.

The company’s brands include Keurig, Green Mountain Coffee Roasters, The Original Donut Shop, Dr Pepper, Canada Dry, Snapple, 7UP, A&W, Mott’s, Bai, CORE Hydration and Venom, among others.